Digital Twin Market Size Is Set To Grow By Usd 114.10 Billion From 2024-2028, Industry 4.0 And Industrial Iot To Boost The Market Growth, Technavio

The global digital twin market is expected to grow significantly in the coming years, driven by Industry 4.0 and industrial IoT. Key players in the market include ANSYS Inc., Dassault Systemes SE, and Microsoft Corp. Smartphones and tablets equipped with advanced technologies are revolutionizing various sectors, and companies like Microsoft and General Electric are leveraging IoT, cloud computing, and machine learning for predictive maintenance and global competition. The market is facing challenges such as high deployment costs and complex architecture, but research reports provide comprehensive data on the impact of this trend.